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If a company declares ch. 11, at what point in the process can a shareholder claim the stock is worthless and take a tax loss?

You may find this information helpful.

Here are three good explanations about what happens when a company goes bankrupt:

http://www.sec.gov/investor/pubs/bankrupt.htm
http://www.fool.com/foolu/askfoolu/2000/askfoolu000830.htm
http://www.fool.com/ddow/2000/ddow000215.htm

Here are several links to articles about offsetting gains and losses. The first link is to TMF's Tax Center. The other links are specific articles available at the Tax Center.
http://www.fool.com/taxes/taxcenter/taxcenter.htm?ref=PFinAg
http://www.fool.com/school/taxes/2000/taxes000107.htm
http://www.fool.com/taxes/2000/taxes000630.htm

David Jacobs
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